CATALOG Secures $ 35 Million Series B Funding, DNA Based Calculation Expected Next Year

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CATALOG Molecular Biologist Tracy Kambara presents the first commercially viable automated DNA storage and computation platform. CATALOG secured $ 35 million in Series B funding led by Hanwha Impact

“Merely preserving data in DNA is not our end goal,” said Hyunjun Park, CEO of CATALOG. cold room.”

Cycle led by Hanwha to accelerate delivery of the first chemical-based computing systems for complex queries and recalculation in industries such as financial services, manufacturing and research

CATALOG, the global leader in automated DNA-based digital data storage, announced it has secured $ 35 million in Series B funding led by Hanwha Impact. This funding will stimulate the development of a computer platform where the management and calculation of data is done through the manipulation of synthetic DNA.

Additionally, CATALOG will use the funding to help create an ecosystem of DNA-based computing collaborators, partners and users. CATALOG will continue to be actively involved in the DNA storage alliance to help the industry grow and set standards for DNA storage and possibly computation.

As conversations continue about the energy consumption required by traditional computing to process explosive volumes of data, and the vulnerability of electronic data, the interest in chemical-based DNA computation systems has grown. These emerging systems offer “air gap” protection, are immune to traditional electronic security vulnerabilities, have a small physical footprint, and consume little, if any, power for data storage and manipulation.

CATALOG also discovered ways to incorporate DNA into algorithms and applications that could be widely used for commercial purposes through its proprietary data coding system and a new approach to automation. The first expected application areas are artificial intelligence, machine learning, data analysis and secure computing. In addition, initial use cases are expected to include fraud detection in financial services, image processing for manufacturing flaw discovery, and digital signal processing in the energy sector.

The computer industry has witnessed a proliferation of suitable technologies in recent years, including accelerators (GPU, FPGA, others), quantum computers, as well as extremely parallel computers. The advent of the DNA-based computer completes this portfolio, emphasizing low-power, spatially dense and secure computing, separated from the realities and limitations of electronic systems.

“Merely preserving data in DNA is not our end goal,” said Hyunjun Park, Founding CEO of CATALOG. “CATALOG will fundamentally change the data economy by enabling businesses to securely analyze and generate business value from data that would previously have been discarded or archived in cold storage. The possibility of a highly scalable, low power and potentially portable DNA computing platform is within reach. “

CATALOG Scaling Synthetic DNA for Business

CATALOG’s first DNA editor, Shannon, was named in honor of the father of information theory, Claude Shannon. It is capable of hundreds of thousands of chemical reactions per second. Future versions of CATALOG’s DNA-based automated data platform will introduce compute capabilities in addition to storage. It will be the first commercially viable and automated DNA storage and computation platform for business use.

“CATALOG is a leading developer of DNA-based storage,” said Dr. Earl Joseph, CEO of Hyperion Research. Their automation and scale-up are designed to commercialize this new technology into products that commercial enterprises can easily use. In addition, they are the first vendor to our knowledge that is developing a scalable DNA platform for computation. ”

“CATALOG’s technology represents a viable avenue for solving the problem of not only the accumulation and retention of mass of data, but more importantly, the efficient use of data,” said Nick Ha, vice president by Hanwha Impact. “Most industries produce large amounts of data which is wasted due to the lack of an efficient way to preserve and analyze the data. We believe that CATALOG will become the catalyst for a data revolution in many industries.

About CATALOG

Conventional technologies are nowhere near keeping pace with the explosive growth in data generation. As a result, humanity is rapidly losing the ability to store and analyze all the valuable data it creates. CATALOG was founded in 2016 by scientists at MIT and became the first company to develop a commercially viable DNA-based solution to this problem. CATALOG leverages the natural characteristics of DNA to create a more energy efficient, scalable, affordable, and highly secure data and compute platform compared to conventional electronic platforms. For more information on CATALOG, visit http://www.catalogdna.com.

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